Prof. from Australia crushes scaremongers’ canards (With Video)

Professor Premachandra Athukorala of the Department of Economic Policy Science of the National University in Australia points out that it is necessary to continue working with the International Monetary Fund for the next three years. During that period, the measures to be taken regarding the economy can be revised based on agreements.
This was pointed out by the professor participating in the programme Pathikada on Sirasa TV this morning (12th). Stating that Sri Lanka’s foreign debt currently stands at $55 billion, he pointed out that if the measures that the current government has committed to implement in the next three years are launched in the same way, the debt will increase to 62 billion dollars.
The professor further pointed out that the International Monetary Fund does not present conditions only to increase revenues but will effectively accept undertakings to reduce the budget gap by cutting the government’s unnecessary expenses.
He also pointed out that even though the inflation rate has decreased, the prices of essential goods and services have increased by 85 percent compared to the pre-COVID pandemic prices and that the real value of a rupee is currently 15 cents.

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